[Watcher Guru] JUST IN: Russia's central bank officially approves Bitcoin, Ethereum, and USDT trading for retail investors.
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Russia’s central bank has officially approved retail trading in Bitcoin, Ethereum, and USDT, opening the country’s large investor base to the three largest cryptocurrencies by market capitalization. The approval covers qualified retail investors and marks a shift from the central bank’s previously restrictive stance on crypto. Bitcoin, Ethereum, and USDT together account for the bulk of global crypto market capitalization and trading volume, making the decision one of the most significant regulatory openings in a major economy. It matters because Russia had long kept retail investors at arm’s length from crypto, and the move could add new demand for the three approved tokens. Watch next for the detailed eligibility rules for retail access, whether trading volumes on Russian exchanges pick up, and whether the central bank widens the approved list of tokens.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Russia's central bank, USDT, Ethereum (ETH), Bitcoin (BTC)
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